This is a sector in constant flux. Technology is disrupting incumbents, regulation is reshaping revenue models, and consumer behaviour keeps shifting. For investors who know what to look for, that creates real opportunity.
ASX Communications
More than just Telstra. We uncover the stocks driving the sector: telcos, media, streaming and the infrastructure powering it all.
What are ASX Communication stocks?
The companies that connect Australia. That means telcos, media businesses, data infrastructure and digital platforms.
Australian communication shares on the ASX — what we watch
This sector is dominated by the big blue chip heavy weights
Telstra (ASX: TLS)
Telstra has been a strong performer, delivering steady dividends as well as steady share price growth, bolstered by a sharp rise after this impressive interim (1h26) result. Reliable yield makes a core holding offering good value if growth can reaccelerate.
- The telco giant reported operating earnings (EBITDA) up 4.9% at $4.2bn
- earnings per share of 10 cents from NPAT of $1.2bn
- and increased the dividend more than we expected, by 10.5% to 10.5 cents, 1 cent of which will be unfranked (ex 25 February 2026).
- The buyback was increased by $250m to $1.25bn, of which around 50% has already been completed.
TPG Telecom
TPG Telecom is a top 100 ASX listed telco and home to big brands including Vodafone, TPG, iiNet, Lebara and felix. A solid long term investable opportunity in domestic mobile and fixed line telecommunications.
- TPG’s stock fell late in 2025 due to a capital return and an unfranked special dividend amounting to $1.61 or close to $3bn, (paid November 2025).
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Why invest in ASX Communications?
Communications infrastructure is the backbone of the modern economy. Every transaction, every stream, every connected device depends on it.
- Essential infrastructure. Data demand is growing exponentially. The infrastructure supporting it — towers, fibre, data centres — has enormous long-term value.
- Recurring revenue. Subscription-based business models generate predictable cash flows. Think mobile plans, broadband and enterprise contracts.
- Digital transformation upside. Businesses across every sector are increasing their digital spend. Communications companies at the intersection of connectivity and enterprise software are well placed to capture that growth.
- Small cap growth stories. Beyond the big telcos, there are nimble small cap companies building compelling positions in niche markets — and Under the Radar Report specialises in finding them first.
What to watch in ASX Communications
The big structural story in Communications is the relentless growth in data consumption. 5G rollouts, cloud adoption, AI infrastructure and the continued shift to streaming are all driving demand for bandwidth and connectivity.
The key trend is consolidation. Scale matters in telcos. M&A activity often presents short-term mispricing and opportunities that sharp-eyed investors can take advantage of.
Our track record
300+
Small Cap Stocks Tipped.
79.9%
Average Return.
87.2%
Best Buys Stock List average return.
FAQs
Telstra is the dominant force in Australian telecommunications and a core holding in many income portfolios. But the question is always about value. Our Blue Chip research gives you a clear buy, sell or hold view on Telstra and other large-cap Communications names at any point in time.
The ASX Communications sector contains around 30 listed companies. Most investor attention falls on the top 5, which means the rest of the sector is often under-researched and that’s where the opportunities hide. Look into our Small Cap telco stocks.
Uncover more ASX Sectors to invest in today.
